ZClassic (ZCL) plunges -4.44% on December 5-6

December 6, 2017 - By Dolores Ford

ZClassic (ZCL) had a bad 24 hours as the cryptocurrency declined $-0.11 or -4.44% trading at $2.43. According to Global Crypto Analysts, ZClassic (ZCL) eyes $2.68 target on the road to $7.02. ZCL last traded at BitTrex exchange. It had high of $2.73 and low of $2.37 for December 5-6. The open was $2.55.

ZClassic (ZCL) is up 47.46% in the last 30 days from $1.65 per coin. Its down -30.88% in the last 100 days since when traded at $3.52 and the annual trend is down. 200 days ago ZCL traded at $4.82. ZClassic maximum coins available are 21.00M. ZCL uses Equihash algorithm and PoW proof type. It was started on 06/11/2016.

ZClassic is a cryptocurrency forked from Zcash. It has the exact same features as ZEC including its private transactions protected by zero knowledge proofs and its Equihash Proof of Stake mining but with no founder’s reward. This founder’s reward is currently deducted from mined zcash blocks (20% of all block rewards during the first four years of mining which will amount to 10% of the total zcash supply). By removing this founder’s reward ZClassic wants to make mining fair for everyone involved.

Block explorer data from https://classic.zcha.in/

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